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International Accounting Study Program (ACCT30011)
Undergraduate level 3Points: 12.5Not available in 2024
Overview
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The subject explores a contemporary accounting issue arising from a socio-economic event through an international study program. Students are first briefed on financial and management accounting research on the issue chosen for the program. The students then visit a number of major corporate, regulatory and standard-setting institutions in either the U.S.A (July program) or Europe (January program) depending on the semester.
There, top-level executives present their organisations’ perspective on the issue and other current issues affecting the organisation. Students engage with them to explore how their pre-departure prepared research-based project is reflected in practice as observed during the respective site visits.
On their return, students undertake a reflective analysis of research and their experiences. A key requirement is that students comport themselves professionally throughout the course.
Note: Travel and accommodation costs will be borne by the student. Students must be eligible to obtain visitor visas in the country where the subject is conducted.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Identify the elements of research and how it informs, and is informed, by practice.
- Describe the experience of observing accounting practice within a business organisation.
- Discuss how internal and external reporting responds to contemporary socio-economic issues that arise over time.
- Identify the processes involved in financial accounting standard-setting.
- Evaluate the global implications for management and financial accounting from contemporary accounting issues.
- Describe how internal and external reporting varies across different industries and cultures.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
• Develop an argument logically and coherently
• Synthesis of information
• Application of current technologies to practice
• Accessing data and other information from various sources
• Critical thinking
• Oral and written communication
• Collaborative learning
• An ability to engage with questions and interact with top-level executives.
Last updated: 30 January 2024
Eligibility and requirements
Prerequisites
One of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACCT20001 | Cost Management |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
ACCT20002 | Intermediate Financial Accounting |
Semester 1 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
AND
Approval from the Subject Coordinator is required to enrol in this subject
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 30 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Individual research report: This report will include a review of literature from either financial accounting or management accounting or related areas and will address a topic determined in consultation with the subject coordinator based on its relevance to the specific study program.
| Due prior to departure | 25% |
Participation: As a member of a group to prepare a primer i.e. preparation of background information for nominated host institution and presented to the full group prior to visit to host institution. | Due prior to departure and presented during the program | 5% |
Reflective journal: Students are to maintain a day to day record of key notes, observations and reflections throughout the program. | Due end of Week 1 of subsequent semester | 5% |
Case study report and presentation: Based on notes taken during the presentations made by host institutions students (in groups) are to prepare a report of no more than 2000 words based on how one of the host firms responds to global business challenges. (Written report 20%; Presentation 15%)
| Due end of Week 1 of subsequent semester | 35% |
Exam: Students will sit a take home exam based on the theoretical aspects of standard setting with illustrations of evidence gained from the program and the current socio-economic issue addressed by the program. | Due end of Week 2 of subsequent semester | 30% |
Additional details
Last updated: 30 January 2024
Dates & times
Not available in 2024
Time commitment details
170 Hours
Last updated: 30 January 2024
Further information
- Texts
Prescribed texts
To be advised
Last updated: 30 January 2024